$PROM is up 26.2% in 24 hours on $14M volume, trading at 2.68. It hit a 24h high of 3.53 before pulling back.
Price is sitting above its EMA20 (2.32) and EMA50 (2.19), but the Fear & Greed Index is at 27 (Fear). This looks like a relief rally in a weak market, not a breakout. I'd expect resistance at the 3.53 weekly high.
A break and hold above 3.53 would confirm a move to consolidate higher. A failure here and I'd watch the 2.32 EMA20 for support.
$PROM
Price is sitting above its EMA20 (2.32) and EMA50 (2.19), but the Fear & Greed Index is at 27 (Fear). This looks like a relief rally in a weak market, not a breakout. I'd expect resistance at the 3.53 weekly high.
A break and hold above 3.53 would confirm a move to consolidate higher. A failure here and I'd watch the 2.32 EMA20 for support.
$PROM